{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-397.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-397.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-397.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-397.html"}],"law_id":65681,"edition_id":1,"section_id":65681,"structure_id":15666,"section_number":"58.1-397","catch_line":"Reporting requirement; administrative adjustment requests","history":"2020, c. 1030.","full_text":"Partnerships and partners shall report final federal adjustments arising from a partnership-level audit or an administrative adjustment request and make required payments pursuant to the provisions of this article and shall not be required to comply with the provisions of \u00a7 58.1-311. This section shall not apply to adjustments required to be reported for federal income tax purposes pursuant to \u00a7 6225(a)(2) of the Internal Revenue Code and shall not apply to the distributive share of adjustments that have been reported as required under \u00a7 58.1-311.","order_by":null,"text":{"0":{"id":238727,"text":"Partnerships and partners shall report final federal adjustments arising from a partnership-level audit or an administrative adjustment request and make required payments pursuant to the provisions of this article and shall not be required to comply with the provisions of \u00a7 58.1-311. This section shall not apply to adjustments required to be reported for federal income tax purposes pursuant to \u00a7 6225(a)(2) of the Internal Revenue Code and shall not apply to the distributive share of adjustments that have been reported as required under \u00a7 58.1-311.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15666,"edition_id":1,"name":"Reporting Adjustments to Federal Taxable Income from Federal Partnership Audits","identifier":"9.1","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:57:38","date_modified":"2026-06-26 03:57:38","permalink":{"id":254497,"object_type":"structure","relational_id":15666,"identifier":"9.1","token":"58.1\/I\/3\/9.1","url":"\/58.1\/I\/3\/9.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13152,"edition_id":1,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":253267,"object_type":"structure","relational_id":13152,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67971,"structure_id":15666,"section_number":"58.1-396","catch_line":"Definitions","url":"\/58.1-396\/","token":"58.1\/I\/3\/9.1\/58.1-396","metadata":false},{"id":65681,"structure_id":15666,"section_number":"58.1-397","catch_line":"Reporting requirement; administrative adjustment requests","url":"\/58.1-397\/","token":"58.1\/I\/3\/9.1\/58.1-397","metadata":false},{"id":64151,"structure_id":15666,"section_number":"58.1-398","catch_line":"State partnership representative","url":"\/58.1-398\/","token":"58.1\/I\/3\/9.1\/58.1-398","metadata":false},{"id":74602,"structure_id":15666,"section_number":"58.1-399","catch_line":"Reporting and payment requirements for a partnership subject to a final federal adjustment","url":"\/58.1-399\/","token":"58.1\/I\/3\/9.1\/58.1-399","metadata":false},{"id":79092,"structure_id":15666,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","url":"\/58.1-399.1\/","token":"58.1\/I\/3\/9.1\/58.1-399.1","metadata":false},{"id":77477,"structure_id":15666,"section_number":"58.1-399.2","catch_line":"Tiered partners","url":"\/58.1-399.2\/","token":"58.1\/I\/3\/9.1\/58.1-399.2","metadata":false},{"id":68782,"structure_id":15666,"section_number":"58.1-399.3","catch_line":"Alternative reporting and payment method","url":"\/58.1-399.3\/","token":"58.1\/I\/3\/9.1\/58.1-399.3","metadata":false},{"id":59939,"structure_id":15666,"section_number":"58.1-399.4","catch_line":"Effect of election","url":"\/58.1-399.4\/","token":"58.1\/I\/3\/9.1\/58.1-399.4","metadata":false},{"id":87004,"structure_id":15666,"section_number":"58.1-399.5","catch_line":"Failure to pay","url":"\/58.1-399.5\/","token":"58.1\/I\/3\/9.1\/58.1-399.5","metadata":false},{"id":60112,"structure_id":15666,"section_number":"58.1-399.6","catch_line":"De minimis exception","url":"\/58.1-399.6\/","token":"58.1\/I\/3\/9.1\/58.1-399.6","metadata":false},{"id":72733,"structure_id":15666,"section_number":"58.1-399.7","catch_line":"Administration","url":"\/58.1-399.7\/","token":"58.1\/I\/3\/9.1\/58.1-399.7","metadata":false}],"previous_section":{"id":67971,"structure_id":15666,"section_number":"58.1-396","catch_line":"Definitions","url":"\/58.1-396\/","token":"58.1\/I\/3\/9.1\/58.1-396","metadata":false},"next_section":{"id":64151,"structure_id":15666,"section_number":"58.1-398","catch_line":"State partnership representative","url":"\/58.1-398\/","token":"58.1\/I\/3\/9.1\/58.1-398","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-397\/","history_text":"<p>This law was first created in 2020. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1030\">1030<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":68533,"section_number":"58.1-311","catch_line":"Report of change in federal taxable income","order_by":null,"url":"\/58.1-311\/"}],"permalink":{"id":254503,"object_type":"law","relational_id":65681,"identifier":"58.1-397","token":"58.1\/I\/3\/9.1\/58.1-397","url":"\/58.1-397\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-397\/","token":"58.1\/I\/3\/9.1\/58.1-397","dublin_core":{"Title":"Reporting requirement; administrative adjustment requests","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-397","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p><span class=\"dictionary\">Partnerships<\/span> and <span class=\"dictionary\">partners<\/span> shall report <span class=\"dictionary\">final federal adjustments<\/span> arising from a <span class=\"dictionary\"><span class=\"dictionary\">partnership<\/span>-level audit<\/span> or an <span class=\"dictionary\">administrative adjustment request<\/span> and make required payments pursuant to the provisions of this article and shall not be required to comply with the provisions of \u00a7&nbsp;<a class=\"law\" title=\"Report of change in federal taxable income\" href=\"\/58.1-311\/\">58.1-311<\/a>. This section shall not apply to adjustments required to be reported for federal income tax purposes pursuant to \u00a7&nbsp;6225(a)(2) of the Internal Revenue Code and shall not apply to the distributive share of adjustments that have been reported as required under \u00a7&nbsp;<a class=\"law\" title=\"Report of change in federal taxable income\" href=\"\/58.1-311\/\">58.1-311<\/a>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREPORTING REQUIREMENT; ADMINISTRATIVE ADJUSTMENT REQUESTS (\u00a7 58.1-397)\n\nPartnerships and partners shall report final federal adjustments arising from a\npartnership-level audit or an administrative adjustment request and make\nrequired payments pursuant to the provisions of this article and shall not be\nrequired to comply with the provisions of \u00a7 58.1-311. This section shall not\napply to adjustments required to be reported for federal income tax purposes\npursuant to \u00a7 6225(a)(2) of the Internal Revenue Code and shall not apply to\nthe distributive share of adjustments that have been reported as required under\n\u00a7 58.1-311.\n\nHISTORY: 2020, c. 1030.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}